YouTube Launches YouTube TV, its Live TV Streaming Service

It has been rumoring from quite some time that YouTube will introduce its live TV service. Finally the wait is over as YouTube is drawing back the curtain on its latest play for entertainment. YouTube Launches YouTube TV, its Live TV Streaming Service.

At the company’s Playa Vista offices, a crowd of around 100 journalists settled into tables and chairs to hear the news. The new service YouTube TV, has already been signing agreements with media companies to disseminate their content on its TV service.

YouTube Launches YouTube TV, its Live TV Streaming Service

According to Bloomberg, YouTube had been talking with all of the leading networks to expand content. CBS was the first major TV network to sign on to the service, with all of the other studios also roped into discussions.

The service is fairly economical, with a family of six accounts available for $35 per month

Now YouTube has confirmed how its channels will be bundled and priced. The service is fairly economical, with a family of six accounts available for $35 per month.

Though it will only launch in markets where it can provide full, live local broadcast feeds, like L.A., New York and Philadelphia.

“We decided to create an offering that would give them all of these can’t-miss live moments.”

Said YouTube Chief Business Officer Robert Kyncl of YouTube TV’s offering.

“It’s a testament to the way that YouTube works with partners of all sizes that we’re able to offer up the lineup that we have today.”

Said YouTube Chief Product Officer Neal Mohan.

YouTube TV will challenge customary cable TV players by providing a DVR that never runs out of space. Cloud-based DVRs have become table stakes in the live TV market, as challengers are offering this feature or planning it.

But YouTube TV will provide each account its own special DVR, as well as its own tailored suggestions.

When users launch the app they will be able to analyze the visual TV guide and scan what they want to watch. The app is divided into three sections including live, library and home.

YouTube TV will first be available to U.S. customers in selected markets on web, Android and iOS in the coming months.